Azeri cenbank imposes restrictions on forex outflow

March 18, 2016 11:31 AM

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BAKU, March 18 Azerbaijan's central bank said on Friday it had imposed restrictions on the amount of foreign currency which is allowed to be taken out of the country, in a new move designed to firm the bank's control over the ailing national manat currency.

Retroactively, starting March 16, residents and non-residents can take up to $10,000 out of Azerbaijan, after filling out a customs declaration, the bank said in a statement.